Streamline your digital sustainability disclosures in the structured XBRL reporting format
By using the solution, companies can provide structured and machine-readable data on various sustainability metrics, such as carbon emissions, energy usage, diversity and inclusion measures, and corporate governance practices. Solution is built on SAP BTP and is integrated with SAP Sustainability Control Tower. It can be enhanced with additional data sources as well, bringing all the sustainability disclosures in one standardized form.
Overview
Adress all the required sustainability disclosure metrics in the XBRL format
Sustainability spans a broad range of metrics across environmental, social, and governance (ESG) factors, making standardization challenging. EFRAG (XBRL) aims to address all the key metrics necessary for a comprehensive report. Additionally, many sustainability metrics are qualitative, requiring nuanced tagging that can be difficult to standardize and interpret. It is crucial to address these qualitative metrics with precision and accuracy.
Streamline sustainability data reporting from different sources by using SAP BTP
Capturing this diverse range of data accurately in XBRL format can be challenging, especially when dealing with non-financial metrics that may lack standardized definitions and measurement methodologies. This format will unify and simplify any pack of data needed to comply with defined regulations and stakeholders. Also simplify differences in various platforms and systems on how they interpret XBRL data and tackle interoperability challenges.
Enable flexibility to report on various regulatory and reporting frameworks
The regulatory landscape for sustainability reporting is evolving rapidly, navigating this complex regulatory environment and ensuring compliance with multiple reporting frameworks challenges companies. XBRL will tag specific results to comply with a specific stakeholder, avoiding any errors in the disclosure process. Non-EU regulations might require different way of electronic reporting forms, and with our solution this is easy to achieve.
Details
Solution type
APIs and Technical Components
Industry
Cross-Industry, Oil, Gas, and Energy, Utilities, Chemicals, Banking
Compatibility
Works with
Features
Access the solution through central Launch Pad to make the main configuration
XBRL improves non-financial reporting accuracy by automating data tagging, reducing manual errors, and ensuring consistent application of reporting standards. This process ensures compliance with regulatory frameworks, enabling organizations to achieve higher data integrity and stakeholder trust.
Create and modify different ESRS Selection Types for the report
Users can configure or modify section types for reports. For example, “Total GHG emissions for Scopes 1, 2, and 3” and “Energy consumption” are two sections in ESRS. Additionally, users can select other KPIs related to air, water, and soil pollution, among others, embedded within the ESRS framework.
Have the ability to create, modify and manage various reports and report formats
This app lets users create, modify, or delete reports. A corporation may have multiple disclosure entities, each requiring unique reports. The app allows corporations to select and manage these reports efficiently. Additionally, other financial reports can be prepared in XBRL format.
